Commentary on Income Tax (1st Edition, 2026) (Set of 2 Volumes)

This commentary is designed as a section-wise professional reference work. It proceeds on the premise that the 2025 Act is not merely a renumbered statute, but a restructured enactment which carries forward several principles of the Income-tax Act, 1961 while also consolidating, simplifying and reorganising many provisions.

The commentary gives separate attention to bare-Act analysis, case-law principles and departures from the 1961 Act. It explains the structure, scope and operative effect of the provisions. The case-law examines the judicial principles developed under the corresponding old provision and tests their continuing relevance under the new Act. The departures identify changes in language, placement, structure or substance which may affect interpretation. The work follows a disciplined approach to case-law treatment. Judicial principles are not presented as loose summaries. They are arranged under proposition-based headings and expressed in a manner suitable for professional commentary. The emphasis is on extracting the ratio relevant to the statutory provision, avoiding irrelevant factual detail, and preserving the language of the court so far as possible.

The commentary is intended to be useful for courts, tax professionals, departmental authorities and students of tax law. It may assist in the early interpretative phase of the Income Tax Act, 2025, when practitioners and adjudicating authorities will have to determine which principles under the 1961 Act continue to apply and which require reconsideration because of changed statutory language.

The overall object of the work is to provide a reliable bridge between the Income-tax Act, 1961 and the Income Tax Act, 2025, while maintaining clarity, precision and professional utility.